MNI China Daily Summary: Tuesday, July 9

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI BRIEF: Gradual, but Decisive ECB Cuts Needed –Giorgetti

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

Weak May Releases Raise Further Recovery Into Question

EZ/UK T-Bill Calendar: 12-Month BOT Auction On Wednesday

US NFIB JUN SMALL BUSINESS INDEX 91.5

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Regional inflation pointing to upside surprise for national print

GERMAN DATA
  • Regional CPI prints are all coming in on the high side. Consensus looks for the national print to come in at 0.5%M/M (7.6%Y/Y).
  • So far we have had NRW at 0.9%M/M, Bavaria at 1.0%M/M and BaWu at 0.9%M/M - all 4-5 tenths above the consensus for the national print, so implies we will see an upside surprise.
  • Note that these aren't produced under the same methodology as HICP (which is the more important print for monpol). However, if we were to see a 4-5 tenth upside surprise in national CPI would normally translate to some kind of upside print for HICP too.
  • Note that Spanish HICP was two tenths above consensus earlier too, and together these prints are fuelling the sell-off in FI.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.